House Proceeding 03-19-09 on Mar 19th, 2009 :: 0:13:45 to 0:20:00
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0:13:41 to 0:14:01( Edit History Discussion )

Charles B. Rangel: about to do. how can we a bill like this? i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. there will be order in the house. the gentleman from new york. mr. rangel: let me try to answer a couple of qstions. whateveroint the

0:13:45 to 0:14:45( Edit History Discussion )
Speech By: Charles B. Rangel

0:14:02 to 0:14:22( Edit History Discussion )

Charles B. Rangel: leader was making as to what happened in the senate bill, he should have an inquiry and do whatever he has to do. i can say as a cferee that issue never was in conference. having said that mean whatever he comes up with in his inquiry that these people

0:14:23 to 0:14:44( Edit History Discussion )

Charles B. Rangel: deserve to have these bonuses at firp expense. that's the issue -- at taxpayer expense. that's the issue before the floor. it has nothing to do with what was in conference. it has everything to do with do these people deserve at taxpayers' expense to receive these type of bonus? the second thing is that while it's only 90% federal, there is

0:14:45 to 0:14:45( Edit History Discussion )

Charles B. Rangel: local a state liability and

0:14:46 to 0:15:06( Edit History Discussion )

Steve Israel: they are entitled their 10% to take a look a that and make the decision that is they have. i want to now -- decisions that they have. i want to now yield one minute to my friend and colleague from new york, congressman israeli israel. -- congressman israel. the speaker pro tempore: the gentleman from new york is recognized. mr. israel: i thank the distinguished chairman for

0:14:50 to 0:16:10( Edit History Discussion )
Speech By: Steve Israel

0:15:07 to 0:15:29( Edit History Discussion )

Steve Israel: giving me the honor of co-sponsoring this legislation with him. mr. speaker, we have just seen the difference between rhetoric and action. we can finger point, we can lay blame, we can talk about the past. we just want to recover the taxpayers' money for them. we want to recover the money and others want a rolution of

0:15:30 to 0:15:50( Edit History Discussion )

Steve Israel: inquiry. mr. speaker, this vote is the difference between solving the problem or continuing the problem. we are going to cast this vote and go home to our districts and the american people are going to say to each of us, did you get my money back or did you continue your posturing? did you get my money back or did you continue the politics?

0:15:51 to 0:16:10( Edit History Discussion )

Steve Israel: did you vote to recover my money or did you vote to allow them to get away with my money? that's what this is about, mr. speaker. the american people have had it with the posturing and partisanship and politics. they want their money back. the only way to get their money back, mr. speaker, the only way to get their money back, is to tax it back.

0:16:11 to 0:16:31( Edit History Discussion )

Dave Camp: let me say one other thing, mr. speaker. i have heard from some of my friends in new york who said, is is unfair. it's unfair because i thought i'd get my bonus. mr. speaker, they are going to have to tighten their belts just like the rest of america. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. there will be order in the house. the gentleman from michigan. mr. camp: thank you, mr. speaker.

0:16:15 to 0:18:15( Edit History Discussion )
Speech By: Dave Camp

0:16:32 to 0:16:52( Edit History Discussion )

Dave Camp: i yield myself two mutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. camp: frankly, the chairman of the ways and means committee and i agree that bypassing the committee is a dangerous way to legislate. that invites unnecessary errors. i think the stimulus bill is proof positive. that's why we are here today. but again we are faced today with a bill that has had no public scrutiny and has not come

0:16:53 to 0:17:16( Edit History Discussion )

Dave Camp: before the ways and means committee. madam speaker, let us do our jobs. when congress acted to stave off an imminent financial and economic collapse, the results of which would have been depression-era unemployment levels, we did so with faith that the past and current administrations would carefully manage the people's money.

0:17:17 to 0:17:37( Edit History Discussion )

Dave Camp: that trust has been shattered. lesson learned. what has been particularly troubling is the difficulty with which the truth has come out in recent days. after many varying and contradictory excuses, we now know that the obama administration working behind closed doors secretly eliminated provision that is would have prevented the appalling abuse of taxpayer money. adding insult to injury, they

0:17:38 to 0:17:58( Edit History Discussion )

Dave Camp: explicitly protected bonuses at companies that in many cases are operating only due to the generosity of the american people. it's a breach of the public trust that should have the repeatedly failed to pay his own taxes looking for a new job. several of my colleagues on this side of the aisle and even chairman rangel have noted good reasons to oppose the bill before us.

0:17:59 to 0:18:15( Edit History Discussion )

Dave Camp: it's an extreme use of the tax code to correct an extreme and excessive wrong done to the american taxpayer. i'm sure we'll hear today that two wrongs don't make a right, but neither does inaction. it is our duty to protect and defend hardworking, tax paying americans. at the end of the day this

0:18:16 to 0:18:36( Edit History Discussion )

Charles B. Rangel: insult to taxpayers cannot, should not, and will not stand. i urge my colleagues to vote for the measure. the speaker pro tempore: the gentleman from new york. mr. rangel: thank you, mr. speaker. let me thank my leader, republican on the committee, for pointing out that this is and i agree and extraordinary procedure. and i have given it a lot of thought to it.

0:18:20 to 0:19:15( Edit History Discussion )
Speech By: Charles B. Rangel

0:18:37 to 0:18:57( Edit History Discussion )

Charles B. Rangel: and it just seemed that this is an extraordinary situation when president bush and secretary paulson would come to the congress and ask for $700 if we didn't do it in a week or two the sky would fall not only in the united states but around the world. if indeed among that group of people who without regard to the

0:18:58 to 0:19:15( Edit History Discussion )

Charles B. Rangel: people that we were trying to protect take this money, then it calls for an extraordinary response to it. i feel very, very comfortable in saying we triedo look at the arsenal that we had, whether it's justice department, the finance, and the american people demand protection, and that's

0:19:16 to 0:19:37( Edit History Discussion )

Sander M. Levin: at we are doing today with your help. i'd like to call on a s member of the committee, my friend from michigan, congressman levin, for one minute. mr. levin: i ask unanimous consent to revise and extend my remarks. the speaker pro tempore: the gentleman from michigan is recognized for one minute. and without objection, so ordered.

0:19:20 to 0:20:45( Edit History Discussion )
Speech By: Sander M. Levin

0:19:38 to 0:19:58( Edit History Discussion )

Sander M. Levin: mr. levin: hear the debate fm the other side. i guess some are going to vot yes. i hope the vast majority will. after trying to make political points. this isn't the time for that. we are in the midst of a

0:19:59 to 0:20:21( Edit History Discussion )

Sander M. Levin: national economic cris. almost 4.5 million jobs lost during this recession. homes are being lost. and i think everybody has to participate in the solution. and no one should exploit it. in one bonus payment, these executives who worke in the division that helped bring about